How many women on the board? Fewer companies are saying
Summary
Fewer companies are sharing information about the number of women and the diversity of their management teams, according to a new report. This trend is partly due to changes in U.S. policies and legal decisions that discourage diversity efforts. The drop in transparency comes as companies face pressure from both supporters and opponents of diversity initiatives.Key Facts
- The number of S&P 500 companies disclosing how many women are on their board fell from 91% to 60%.
- Disclosure of racial and ethnic diversity metrics dropped from 72% to 45%.
- The decrease in transparency began after the 2023 Supreme Court decision against affirmative action in universities.
- Legal changes have also played a role, such as the overturning of a rule that required diverse board members.
- Companies face conflicting pressures from U.S. conservative groups and international standards regarding diversity.
- Corporate America is re-evaluating its diversity, equity, and inclusion (DEI) commitments amidst political and legal pushback.
- The trend has accelerated under the current U.S. administration's anti-DEI policies.
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